REG - Ricardo PLC - Result of AGM

RicardoAnnouncement

17/11/2023 07:00

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RNS Number : 7555T  Ricardo PLC  17 November 2023

Ricardo plc

 

Result of AGM

17(th) November 2023

 

Ricardo plc - Results of Annual General Meeting

 

Ricardo plc announces that all resolutions proposed at its Annual General
Meeting held on 16(th) November 2023 at 10.00am were duly passed.

 

Results of the Poll taken, are set out below:

 

A vote withheld is not a vote in law and is not counted in the calculation of
proportion of votes "For" or "Against" a resolution.

 

 

                                                                                                                           Issued Share Capital:  62,218,280
                                                                               VOTES       %        VOTES AGAINST  %       VOTES                  % of ISC VOTED  WITHHELD VOTES

FOR
TOTAL
 1   To receive the Annual Report and Accounts                                 48,906,373  99.99%   2,670          0.01%   48,909,043             78.61%          11,027
 2   To approve final dividend                                                 48,774,061  100.00%  1,670          0.00%   48,775,731             78.39%          144,339
 3   To re-appoint Auditors                                                    48,765,764  99.98%   8,768          0.02%   48,774,532             78.39%          145,538
 4   To fix Auditor's Remuneration                                             48,909,899  99.99%   6,168          0.01%   48,916,067             78.62%          4,003
 5   To re-elect Judith Cottrell as a Director                                 48,769,278  99.99%   3,670          0.01%   48,772,948             78.39%          147,122
 6   To re-elect Graham Ritchie as a Director                                  47,096,300  96.56%   1,675,580      3.44%   48,771,880             78.39%          148,190
 7   To re-elect Mark Clare as a Director                                      46,448,293  95.23%   2,324,655      4.77%   48,772,948             78.39%          147,122
 8   To re-elect Laurie Bowen as a Director                                    48,398,539  99.24%   371,346        0.76%   48,769,885             78.39%          150,185
 9   To re-elect Jack Boyer as a Director                                      48,398,539  99.24%   371,346        0.76%   48,769,885             78.39%          150,185
 10  To re-elect Russell King as a Director                                    39,624,250  81.24%   9,148,135      18.76%  48,772,385             78.39%          147,685
 11  To re-elect Malin Persson as a Director                                   38,463,842  78.87%   10,306,043     21.13%  48,769,885             78.39%          150,185
 12  To re-elect William Spencer as a Director                                 48,396,749  99.23%   373,136        0.77%   48,769,885             78.39%          150,185
 13  To approve the directors' remuneration report                             47,457,971  97.31%   1,312,134      2.69%   48,770,105             78.39%          149,965
 14  To approve the directors' remuneration policy                             37,722,908  77.12%   11,191,768     22.88%  48,914,676             78.62%          5,394
 15  To approve the amendments to the rules of the Ricardo plc 2020 Long Term  39,017,912  79.77%   9,896,839      20.23%  48,914,751             78.62%          5,319
     Incentive Plan
 16  To renew the authority to allot the relevant securities                   48,763,010  99.98%   11,374         0.02%   48,774,384             78.39%          145,686
 17  To display Pre-Emption Provisions                                         48,622,300  99.40%   294,903        0.60%   48,917,203             78.62%          2,867
 18  To Authorise Company to Purchase own Shares                               48,132,611  99.98%   9,539          0.02%   48,142,150             77.38%          777,920
 19  To Convene Meetings on 14 days' notice                                    48,740,086  99.64%   178,064        0.36%   48,918,150             78.62%          1,920

 

 

 

The total number of ordinary shares in issue as at 16(th) November 2023 was
62,218,280, of these 48,920,070 including votes withheld (78.63%) were voted.

 

The Board acknowledges that 21.13% of the votes cast in respect of Resolution
11, (to re-elect Malin Persson as an Director of the Company), 22.88% of the
votes cast in respect of Resolution 14, (to approve the Directors'
Remuneration Policy) and 20.23% of the votes cast in respect of Resolution 15
(to amend the Long-Term Incentive Plan) were against the Resolutions.

 

With respect to Resolution 14 and 15 the Board recommended the new Policy to
shareholders as it reinforces the five-year strategic plan of the Company.

 

The Company will reach out to the shareholders who voted against the
Resolution(s) to further understand their position.

 

In accordance with Listing Rule 9.6.2R, a copy of the resolutions, other than
those concerning ordinary business, passed by the Company at the AGM held on
16(th) November 2023 has been submitted to the National Storage Mechanism and
will shortly be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

A copy of the voting results shown above will also be made available on the
Company's website at www.ricardo.com/en/investors/shareholder-centre/agm
(http://www.ricardo.com/en/investors/shareholder-centre/agm)

 

 

The Ricardo plc LEI number is 213800ZNYAY35F4XB814

For further information contact: Harpreet Sagoo, General Counsel and Company
Secretary, at Harpreet.Sagoo@ricardo.com

 

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